GLP has signed 69,000 sq m (743,000 sq ft) of new leases in China and Japan over the past three months. The customers are using the facilities to service growing demand from online and offline retail distribution channels.
The following details the new lease agreements.
Ming Z. Mei, Chief Executive Officer of GLP, said: “These leases reinforce our view that global consumption will continue to drive demand for GLP’s logistics facilities. In Japan, we expect absorption to remain strong and we will continue to focus on the core markets of Tokyo and Osaka. In China, consumers continue moving toward organized retail channels and we will continue to provide well-located logistics facilities and value-added solutions to support these growth trends.”
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